Still sitting tight on my Dax Futures shorts.
A picture is worth a thousand words.
"Stocks experienced a rare down day today as a series of fears swept over the markets. The day was a damaging one from a technical and fundamental perspective. Volume was again very heavy. This was the third huge volume distribution day in just the last two weeks. Breadth was negative at 3:1. While the overall recovery appears well intact, investors are increasingly fearful with regards to the near-term outlook. Concerns over European sovereign debt, bank regulation, the White House’s war on Wall Street, weak Chinese markets, record high bullish sentiment and a lack of positive near-term catalysts has some investors wondering if we haven’t come too far too fast." in The Prag Cap
Have a great weekend.
Related ETF`s: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS)
